3 Minute Gold News
An interview synopsis of David Morgan, the silver guru, Publisher & CEO of The Morgan Report and author of The Silver Manifesto, with Daniela Cambone, Director of Global Media at ITM Trading and host of The Daniela Cambone Show.
What’s going on right now is global.
This is not a nation state event like the Weimar Republic, Argentina, Turkey, Venezuela or any of these countries that have seen a destruction of their currency.
This is a global event.
That means that basically every nation is going to go down if the US dollar is hit hard enough.
That is greatly concerning.
In the Weimar Republic some people were able to escape, but in this instance hard assets are the only thing.
Gold, silver and other hard assets are the only way to escape this financial destruction.
And because of their liquidity (the ease of buying and selling), the monetary metals, gold and silver, are pretty much the only way out of what is happening.
GOLD
Gold is a global financial barometer and not a thermometer.
A barometer is a forecaster of what the weather ahead looks like.
If it moves a little then maybe you have some clouds coming up.
You can adjust your path.
But when it REALLY moves, like what’s happening with the price of gold right now, then it means there’s a BIG storm ahead.
It means you cancel your flight plans and you get your boat into the harbour before the storm hits.
That’s what we’re seeing with gold right now.
And we’re in the acceleration phase so it’s speeding up.
As was said to David by Jeff Christian, (global consultant on precious metals from the CPM Group), “90% of the move comes in the last 10% of the time.”
This is true in all markets and not just the metals market.
Hypothetically, if this run started when we broke through $2,000 US per ounce, and we’ve almost doubled now to about $4,000, then this bull market for gold might have a year and half left.
This would make the price $8,000 per ounce in June of 2026.
And in this hypothetical that would be the top for this bull run.
In this type of scenario, if you’re leveraged in the future market and use this timing, this is retirement money. You can make more in 10 months than people have made holding gold for 30 years.
This is not a recommendation or financial advice, as David is just explaining that in this part of a cycle there is a manic phase, and you also see there are people who FOMO (Fear of Missing Out) in.
FEAR
Sometimes people get into gold and silver out of fear.
There is fear right now and it’s different for different people.
Daniela points out there’s fear of debt, fear of what the Federal Reserve does, and fear of war.
David adds for some it’s fear of having enough for retirement, or it’s a hedge fund manager who wants to switch the portfolio into gold to get a better return, or a pension fund watching real estate and other investments who moves into gold for a better return or safety.
Fear is a bigger motivator than greed.
Fear translates into action.
The reason you’re getting such a big bull market in gold and silver is that there’s more than one fear happening at the same time.
Your reason for buying gold may be different than the next person, but your motivation is just as strong as theirs.
STOCKS
We’re at a time when stocks are strong and gold is strong.
Americans are invested in stocks more now than at any time in history, notes Daniela.
Gold is usually the hedge for the stock market. It’s usually going down when the stock market is going up.
So what does that suggest when they’re both going up?
It suggests that when the stock market does go down, (more fear) gold is then really going to rise.
Gold is setting new highs over and over right now.
SILVER
There’s more of an up play possible to silver than gold right now.
Back 25 years ago, the industrial part of silver demand was 35% of the whole market.
Now the industrial demand is between 60 – 70% of the silver market.
Back 25 years ago, we mined 550 million ounces of silver per year.
Today we mine 850 million ounces annually.
That means that right now, according to Matt Watson, Founder & President of Precious Metals Commodity Management, independent metals analyst, industrial demand is going to buy up all the silver that’s mined, and corner the market.
If industrial demand, including jewelry and silverware, is going to eat up all the silver then what happens if there’s also investment demand?
It takes the price beyond belief.
Matt says that in the last four years the only way to balance supply with demand has been to eat up the supply that’s already been mined:
Unless there’s a new mining technology silver mining won’t grow for the next ten years.
But demand is going higher.
David believes people are starting to see the barometer REALLY swing and will race into gold and silver.
He believes silver will pass gold because the average citizen won’t be able to afford physical gold and will buy silver instead.
The world is seeing that silver is more affordable than gold, and fear is driving them into holding precious metals.
There’s $7 trillion in money market funds sitting right now not knowing where to go.
David believes that 1% of those money market funds, at least, will go into the gold and silver metals market.
Just 1% of $7 trillion is $70 billion, and that’s two years worth of mining supply of silver.
So, demand will rise sharply.
SILVER MINING STOCKS
Silver mining stocks are having a bull run right now.
But in the bull riding analogy it’s really hard to stay on the bull for even eight seconds.
So, David cautions that this bull run in silver stocks may have big corrections along the way and throw off riders.
Some call those “weak hands” who get scared if prices drop quickly.
David believes there will be dips that throw off some people, but that we are far from the very top of the real bull run in metals.
CHINA
“Follow the money” is a good way to get to the truth.
Gold is money and everything else is credit.
If you follow the gold, you go from the British Empire (which used Pound Sterling being 92.5% silver metal), having most of the gold and most of the power, then to the United States having most of the gold and most of the power.
But, for the last 25 years or more, you’ve watched the gold move from the West to the East, where China holds most of the gold and most of the power.
David believes this shows that China will eventually become the financial capital of the world, and that the eventual standard of living in the West will fall and in the East will rise.
REVOLUTIONS
When laws are not enforced evenly, and there is a growing disparity between the rich and everyone else, it causes revolutions.
Hopefully peaceful revolutions.
The more you debase the currency the more the moral structure of society debases.
David Morgan can be found on X at @silverguru22
Daniela Cambone can be found on X @DanielaCambone
I can be found on X @ElaineDTaylor
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Thank you to Jim Rickards for including me in his New York Times bestselling book The New Case for Gold. Jim’s X is now @RealJimRickards
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Nothing on this site is intended as individual investment advice. We’re all watching which way the wind is blowing.
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Gold is at historic highs because trust in government is at historic lows.
Communication Theory….
As the alphabet took the magic of words and divided them into tiny repeatable units, strung along in written symbols that did not look like the sound, then reformed into words and meaning in the quiet of one’s own mind, so currency separates commodities and items of value into concise repeatable units.
The currency is packaged and shipped, identical, and is value as exchange for meaning of value to the receiver.
The oral societies are not led by the alphabet; they are led by the voice and ear. So each item is different, unique, and exchange is bartered over for each unit. These countries will not easily move to digital wallets and identical purchases. The unbanked are sometimes unbanked by choice.
Those in power talk about taking care of the ‘unbanked’. But the care is misplaced. A new bank account will earn the banker fees, and the expansion of the currency supply is not a desire of the central banking system, it is its lifeblood.
If the unbanked have a devise with a digital wallet then they can be tracked as data and aggregated for easier control. A retail CBDC in the unbanked hands can be programmed by the central authority to be used to the benefit of the center.
To keep their central bank system going they must have ever expanding borrowing and debt.
Their system has failed because it has to fail.
Sooner or later you run out of people to lend to, so they need to add the unbanked, and they’ve created a ‘green’ issue to make new reasons to create more debt.
The business cycle cannot be stopped; it rises and falls as every closed system does. They know this, and so those in power are rushing to cement control with new technology before the first out of the gate with new products beat them to market share. The rush is to try to regulate to keep the status quo.
But it’s impossible.
AI is the new race.
Humans want to control the data inputed believing their own control will keep them in control. No one has any idea what complex financial instruments will be created by generative AI. Controlled by itself. For whose benefit?
My biggest concerns at the moment come from Understanding Media, written by Marshall McLuhan. He writes of Nobel prize winning author Alias Canneti’s book, Crowds and Power, talking about the psychic effects of the Germany hyperinflation after the First World War.
The depreciation of the citizen went along with that of the German Mark.
There was a loss of face and of worth, in which the personal and the monetary units became confused.
When everything is mechanical, it includes thoughts, money and humans.
I hope that confusion doesn’t return.
Elaine~
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Barkerville, B.C., Canada along the Gold Rush Trail.
Thank you to Mike Maloney for including me in Episode 1 of his bestselling series Hidden Secrets of Money.
Coins and Crowns
words and music Elaine Diane Taylor
SOCAN/ASCAP
from the album Coins and Crowns
Coins and Crowns is featured in Episode 1 of Mike Maloney’s bestselling series Hidden Secrets of Money.
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Not Much of a Holiday (Bank Holidays and Media Persuasion)
words and music Elaine Diane Taylor
Single available on iTunes
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A Terrible Breeze (War and Social Media)
The news comes down
A little bluebird sings
Words of war
Fire and furious things
Of testing might
‘Til no patience knows
If keeping still
Still keeps you safe at home
It’s a terrible breeze
They speak of today
Of threats that used to live a world away
We all know wind
Can blow both ways
And a terrible breeze can blow it all away
A worldwide net
Sees our village grow
Until we all forget
What each one used to know
How a blind bird’s wings
Can reach the shore
And turn the wheel of peace and war
Village fools sinking down, down, down
Debt and gold wound in numbered shrouds
Deal of a life it’s bread and clowns
Can we afford another go around?
The news comes down.
It’s a terrible breeze. The news comes down.
words and music Elaine Diane Taylor
Single available on iTunes
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Preparing for the Fall is a live boutique album — featuring Wag the Dog, Black Swan Dive, American Pie and Gods of the Copybook Headings. Available on iTunes, Google Music, Amazon Music and major digital distributors.
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The Gods of the Copybook Headings
words by Rudyard Kipling and music by Elaine Diane Taylor
from the album Preparing for the Fall.
The copybooks of the early 1900s gave us all the wisdom we need. The sayings that were copied are the truths, the gods of our world. All the empires who followed the gods of the marketplace have fallen, and there’s terror and slaughter when the gods of the copybook headings return. The lyrics are by Rudyard Kipling. One of my gurus.
Another Week on Wall Street
words and music Elaine Diane Taylor
from the album Coins and Crowns.
“A little grease (Greece) is floating out to sea, and little pigs (Portugal, Italy, Greece and Spain) are bobbing up and down. They’ll send a storm and we’ll see, when the tide goes out who’s naked on the beach“.
The European Union didn’t consolidate their debt when the euro was created, so when Greece did its backroom banker deal some benefitted and some nations lost out. Who wants to give up their own sovereignty. So much debt now, and no way to get out of it. So the leaders need to divert attention away from their own collapse. Takes us to the song “Wag the Dog” where they beat the drums of war.
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Nothing on this site is intended as individual investment advice. We’re all watching which way the wind is blowing.
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Elaine Diane Taylor 